RPT-INSIGHT-Automakers in U.S. Driving Banks From Buoyant New-Car Market

Newswire

(Repeating to additional subscribers) By David Henry, Bernie Woodall and Peter Rudegeair NEW YORK/DETROIT, June 16 (Reuters) - U.S. banks looking to get in on a booming market for financing new-car sales have run into a formidable competitor: the auto manufacturers themselves. Financing arms of car companies, including Toyota Motor Corp, Honda Motor Co and Ford Motor Co, made half of all new U.S. car loans in the first quarter, up from 37 percent a year earlier and the largest percentage of ...

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